Hello Traders! Is there really anyone panicking over this correction? Not me. I'm preparing for a buy at the Weekly Demand area you can see on the chart. The bull cycle is not done by any means. We're still in a bullish wave count, the only thing is that after this accummulation the market FAILED to do sort of a triangle correction in the form of ABCDE, thus...
Let's talk crystal clear here; Bitcoin is in a massive uptrend, yes now is stucked/accumulating below the $100k mark, but overall is bullish AF. In this chart I present you my Elliott Wave Count of Bitcoins bullish cycle that started from Dec. 2022 and is still on going. Breakdown: We're in a 1-2-3-4-5 (we're here) bullish count. Inside this last 5th wave, which...
There's been a lot of discussion lately on where ETH price might go and, mostly the news I saw, where super bearish on it. I remember seeing a chart where Hedge Funds where MEGA bearish on it based on Trump news of some sort, however these data was not lying and indeed Hedge funds had the most COT bearish data ever recorded (2024 Xmas), thus the price suffered a...
My trading is based on COT readings along with Supply & Demand. In this idea you can see a clear Weekly Demand area in support with great COT readings where the Users & Producers are clearly bullish and Retailers bearish. Of course, you want to trade AGAINST retailers at all costs because they are mostly wrong. imgur.com (Red = U&Ps | Blue = Retailers | Green...
We are currently in an ABC corrective move and there's some very high quality supply areas I'm looking at and willing to trade. Short term swing idea to the bearish side, however higher timeframe trend remains bullish and I'm expecting it to continue after the end of the current ABC correction. Trade safe! AlbertFX99
Gold is moving nicely and without much complications after a great impulse upwards. Now we'll find Gold moving into the 3rd wave (C), although touching 38.1% fibbo. Therefore, I'll be looking for possible short-term Short entries. Although be careful and remind yourself to look for long entries as we won't know when the market can shift and go on the bullish...
Bitcoin still is in a Bear cycle and we will continue to be during 2023. Yes, there's going to be rallies but they won't last much. As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal. We'll see how it creates that pattern during this year, in...